<PAGE>
                                                                   Exhibit 10.45


                       NINTH AMENDMENT TO CREDIT AGREEMENT


         This NINTH AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered
into, as of March 30, 2004, by NAVARRE CORPORATION, a Minnesota corporation
("Borrower"), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as
agent (the "Agent") for itself and the Lenders under and as defined in the
Credit Agreement (as hereinafter defined), and the Lenders. Unless otherwise
specified herein, capitalized terms used in this Amendment shall have the
meanings ascribed to them by the Credit Agreement (as hereinafter defined).

                                    RECITALS

         WHEREAS, the Borrower, the Agent and the Lenders have entered into that
certain Credit Agreement, dated as of October 3, 2001 (as amended, supplemented,
restated or otherwise modified from time to time, the "Credit Agreement"); and

         WHEREAS, the Borrower, Agent and the Lenders desire to amend a
provision of the Credit Agreement as herein set forth.

         NOW THEREFORE, in consideration of the foregoing recital, mutual
agreements contained herein and for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Borrower, the Agent, and
Lenders hereby agree as follows:

SECTION 1. AMENDMENT. Subsection (a) of Annex G to the Credit Agreement is
hereby amended and restated to read in its entirety as follows:

                  "(a) Maximum Capital Expenditures. Borrower and its
         Subsidiaries on a consolidated basis shall not make Capital
         Expenditures during the following periods that exceed in the aggregate
         the amounts set forth opposite each of such periods:

<Table>
<Caption>
Period                                   Maximum Capital Expenditures per Period
------                                   ---------------------------------------
<S>                                      <C>
Fiscal Year ending on or about
March 31, 2004                           $                             5,100,000

Fiscal Year ending on or about
March 31, 2005                           $                             1,900,000

Fiscal Year ending on or about
March 31, 2006 and each Fiscal
Year ending thereafter                   $                             2,600,000
</Table>

                  ;provided, however, that the amount of Capital Expenditures
         permitted for the Fiscal Year ending on or about March 31, 2005 shall
         be increased by an amount equal to the positive amount (if any) of (a)
         $5,100,000 minus (b) the actual amount of any Capital Expenditures
         expended during the Fiscal Year ending on or about March 31, 2004 (the
         "Carry Over Amount"), and for purposes of measuring compliance
         herewith, the Carry Over Amount shall be deemed to be the last amount
         spent on Capital Expenditures in the Fiscal Year ending on or about
         March 31, 2005; provided, further, that the amount of permitted Capital
         Expenditures during any measuring period set forth above shall be
         increased by the amount of the cash proceeds received during such
         measuring period


<PAGE>

         from a sale-leaseback of the Minnesota Facility (as long as such
         sale-leaseback is consented to by Agent) to the extent that the
         construction of the assets subject to such sale-leaseback were funded
         with the proceeds of loans under the Construction Loan Agreement or
         proceeds of the Revolving Loans on or after April 1, 2003."

SECTION 2. EFFECTIVENESS. The effectiveness of this Amendment is subject to the
satisfaction of each the following conditions precedent:

         (a) this Amendment shall have been duly executed and delivered by
Borrower, Agent and each Lender and the Consent attached hereto shall have been
duly executed and delivered by the Credit Parties signatories thereto; and

         (b) The representations and warranties contained herein shall be true
and correct in all respects.

SECTION 3. REPRESENTATIONS AND WARRANTIES. In order to induce the Agent and each
Lender to enter into this Amendment, the Borrower hereby represents and warrants
to the Agent and each Lender, which representations and warranties shall survive
the execution and delivery of this Amendment, that:

         (a) all of the representations and warranties contained in the Credit
Agreement and in each Loan Document are true and correct as of the date hereof
after giving effect to this Amendment (determined as if all references to
"Closing Date" were references to March 30, 2004), except to the extent that any
such representations and warranties expressly relate to an earlier date;

         (b) the execution, delivery and performance by the Borrower of this
Amendment has been duly authorized by all necessary corporate action required on
its part and this Amendment, and the Credit Agreement is the legal, valid and
binding obligation of the Borrower enforceable against the Borrower in
accordance with its terms, except as its enforceability may be affected by the
effect of bankruptcy, insolvency, reorganization, moratorium or other similar
laws now or hereafter in effect relating to or affecting the rights or remedies
of creditors generally;

         (c) Neither the execution, delivery and performance of this Amendment
by Borrower, the performance by Borrower of the Credit Agreement nor the
consummation of the transactions contemplated hereby does or shall contravene,
result in a breach of, or violate (i) any provision of any Credit Party's
certificate or articles of incorporation or bylaws or other similar documents,
or agreements, (iii) any law or regulation, or any order or decree of any court
or government instrumentality, or (iii) any indenture, mortgage, deed of trust,
lease, agreement or other instrument to which any Credit Party or any of its
Subsidiaries is a party or by which any Credit Party or any of its Subsidiaries
or any of their property is bound, except in any such case to the extent such
conflict or breach has been waived herein or by a written waiver document, a
copy of which has been delivered to Agent on or before the date hereof; and

         (d) No Default or Event of Default has occurred and is continuing.


                                       2
<PAGE>


SECTION 4. REFERENCE TO AND EFFECT UPON THE CREDIT AGREEMENT.

         (a) Except as specifically set forth above, the Credit Agreement and
the other Loan Documents shall remain in full force and effect and are hereby
ratified and confirmed; and

         (b) The amendment set forth herein is effective solely for the purposes
set forth herein and shall be limited precisely as written, and shall not be
deemed to (i) be a consent to any amendment, waiver or modification of any other
term or condition of the Credit Agreement or any other Loan Document, (ii)
operate as a waiver or otherwise prejudice any right, power or remedy that the
Agent or the Lenders may now have or may have in the future under or in
connection with the Credit Agreement or any other Loan Document or (iii)
constitute a waiver of any provision of the Credit Agreement or any Loan
Document, except as specifically set forth herein. Upon the effectiveness of
this Amendment, each reference in the Credit Agreement to "this Agreement",
"herein", "hereof" and words of like import and each reference in the Credit
Agreement and the Loan Documents to the Credit Agreement shall mean the Credit
Agreement as amended hereby. This Amendment shall be construed in connection
with and as part of the Credit Agreement.

SECTION 5. COSTS AND EXPENSES. As provided in Section 11.3 of the Credit
Agreement, the Borrower agrees to reimburse Agent for all fees, costs, and
expenses, including the reasonable fees, costs, and expenses of counsel or other
advisors for advice, assistance, or other representation in connection with this
Amendment.

SECTION 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF ILLINOIS.

SECTION 7. HEADINGS. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute part of this Amendment
for any other purposes.

SECTION 8. COUNTERPARTS. This Amendment may be executed in any number of
counterparts, each of which when so executed shall be deemed an original, but
all such counterparts shall constitute one and the same instrument.


                            (signature page follows)


                                       3
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first written above.

                                     BORROWER:


                                     NAVARRE CORPORATION


                                     By:
                                         ---------------------------------------
                                     Name:
                                           -------------------------------------
                                     Title:
                                            ------------------------------------


                                     GENERAL ELECTRIC CAPITAL CORPORATION,
                                     AS AGENT AND LENDER

                                     By:
                                         ---------------------------------------
                                     Name:
                                           -------------------------------------
                                     Title:
                                            ------------------------------------


                                       S-1
             [Signature Page to Ninth Amendment To Credit Agreement]

<PAGE>

                                     CONSENT

         The undersigned hereby (i) acknowledges receipt of and consents to the
Ninth Amendment To Credit Agreement entered into as of March 30, 2004 (the
"Amendment"), (ii) ratifies and confirms each Loan Document, including, without
limitation, the guaranty and the security agreement to which it is a party, and
(iii) acknowledges and agrees that after giving effect to the Amendment, each of
the Loan Documents to which it is a party is and shall remain in full force and
effect in accordance with the terms thereof.


                                          ENCORE SOFTWARE, INC.


                                          By:
                                              ----------------------------------
                                          Name:
                                                --------------------------------
                                          Title:
                                                 -------------------------------


                                          BCI ECLIPSE COMPANY, LLC


                                          By:
                                              ----------------------------------
                                          Name:
                                                --------------------------------
                                          Title:
                                                 -------------------------------


                                       S-2
             [Signature Page to Ninth Amendment To Credit Agreement]